Focus Partners Wealth Boosts Stock Position in Diageo plc (NYSE:DEO)

Focus Partners Wealth increased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 122.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,901 shares of the company's stock after purchasing an additional 25,844 shares during the quarter. Focus Partners Wealth's holdings in Diageo were worth $5,987,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. CoreFirst Bank & Trust purchased a new stake in shares of Diageo during the fourth quarter worth approximately $25,000. Eastern Bank increased its position in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after purchasing an additional 125 shares in the last quarter. BNP Paribas purchased a new stake in shares of Diageo during the fourth quarter worth approximately $32,000. Kestra Investment Management LLC purchased a new stake in shares of Diageo during the fourth quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth approximately $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DEO. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Berenberg Bank started coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo Stock Performance

NYSE DEO opened at $112.26 on Wednesday. The stock's fifty day moving average is $109.05 and its two-hundred day moving average is $115.85. The firm has a market capitalization of $62.45 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.

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